Skyward Financial advisors with $700 million in assets join LPL

HOUSTON - A team of six advisors from Skyward Financial has joined LPL Financial’s (NASDAQ:LPLA) broker-dealer and Registered Investment Advisor platform, according to a Tuesday press release from LPL. The company, currently valued at approximately $29 billion, has demonstrated strong financial performance with a 28.54% revenue growth over the last twelve months, according to InvestingPro data.

The Houston-based advisory team, previously with Wedbush Securities, reported approximately $700 million in advisory, brokerage and retirement plan assets under management.

Founded and led by Matthew Houston, Lynn Houston and Ross Stripling, the Skyward Financial team includes Carlie Clayton, Jerry Axelrod, Lisa Marcelli, Mike Hamilton, Valencia Linton and Steven Phan. The advisors have over 200 years of combined experience and primarily serve business owners and retirees, along with Major League Baseball players.

Matthew Houston cited technology capabilities as a primary reason for the transition. "The standout benefit for us was LPL’s robust technology. As a historically regional firm, we realized our technology couldn’t keep up, and our younger clients were seeking something that better suited their needs," Houston said.

The team plans to maintain its independence and branding while utilizing LPL’s platforms. "Through LPL, we gain all the tools of a Wall Street firm without actually being one," Houston added.

Scott Posner, Managing Director of Business Development at LPL, stated the company is committed to delivering technology, integrated platforms and resources to support Skyward Financial’s practice.

LPL Financial Holdings Inc. supports over 29,000 financial advisors and approximately 1,100 financial institutions, with approximately $1.9 trillion in brokerage and advisory assets under management.

In other recent news, LPL Financial Holdings reported its second-quarter earnings for 2025, exceeding analysts’ expectations with an adjusted earnings per share of $4.51, compared to the forecasted $4.24. Despite this positive earnings surprise, the company experienced a revenue shortfall, reporting $3.84 billion against a forecast of $3.76 billion. In addition to these financial results, Citizens JMP has reiterated a Market Outperform rating for LPL Financial, maintaining a price target of $440. The firm highlighted LPL as an attractive opportunity for investors, noting the stock’s trading at approximately 16.5 times their 2026 earnings per share estimate. These developments reflect a mixed but potentially promising outlook for LPL Financial, as the company navigates its financial performance and market positioning.

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